Question

What are some examples of excise taxes imposed by the government? Check all that apply.

Answer 1

Answer:

1. Gambling

3. Cigarettes

6. Alcohol

7. Gasoline

Excise tax is a type of indirect tax imposed on the manufacture, sale or use of certain goods and products, specified by the state or the government.

It is also called a 'sin tax' which is charged on the goods which are considered to be harmful to the society. These include gambling, cigarettes, alcohol and gasoline from the given options for this question.

Answer 2

The answer is:

1. gambling

3.cigarettes

6.alcohol

7.gasoline

Explanation:

A sin tax is an excise tax which is  specifically levied on those goods which are usually harmful to society. Many governments use sin taxes to stop people from smoking drinking alcohol, gambling and more harmful acts. Moreover excise taxes are also applied on luxurious items.